Nanophase Technologies Announces Stockholder Meeting

ROMEOVILLE, Ill., June 7 /PRNewswire-FirstCall/ -- Nanophase
Technologies (Nasdaq: NANX), a technology leader in nanomaterials and
advanced nanoengineered products, announced that the Company's stockholder
meeting has been scheduled for Monday, July 24, 2006, beginning at 9:30 AM
local time at Nanophase's facility located at 1319 Marquette Drive,
Romeoville, Illinois. Directions to Nanophase's facility may be found on
the Company's website.
The stockholder meeting agenda is:
1. To elect two directors to Nanophase's Board of Directors;
2. To approve the Amendment to Certificate of Incorporation to Increase
Authorized Shares of Common Stock;
3. To Approve the Amendment to the 2004 Equity Compensation Plan; and
4. To transact such other business as may properly come before the
meeting.
After the stockholder meeting, Joseph Cross, Nanophase's president and
CEO, will briefly discuss the Company's progress entering 2006 and key
initiatives going forward.
Mr. Cross noted, "The amendments that are before the stockholders this
year are pivotal to Nanophase's future growth at a critical point in time
relative to nanotechnology global development. The Board believes that it
is important to increase the authorized shares of common stock by five
million shares, for a total of 30 million shares, to enhance Nanophase's
ability to consider strategic opportunities as they become available and
may positively impact the Company's competitive position and growth rate.
Updating the 2004 Equity Compensation Plan is vital to maintain Nanophase's
engineering and scientific talent as the Company grows and global
competition for nanotechnology talent increases. We encourage our
stockholders to give these matters serious positive consideration and
approval."
Nanophase Technologies Corporation (NANX), http://www.nanophase.com ,
is a leader in nanomaterials technologies and provides nanoengineered
solutions for multiple industrial product applications. Using a platform of
patented and proprietary integrated nanomaterial technologies, the Company
creates products with unique performance attributes from two ISO 9001:2000
and ISO 14001 facilities. Nanophase delivers commercial quantity and
quality nanoparticles, coated nanoparticles, and nanoparticle dispersions
in a variety of media. The Company owns or licenses 20 United States and 44
foreign patents and patent applications. Information about Nanophase may be
found in the Company's public filings or on its website.
This press release contains words such as "expects", "shall", "will",
"believes" and similar expressions that are intended to identify forward-
looking statements within the meaning of the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Such statements in this
announcement are made based on the Company's current beliefs, known events
and circumstances at the time of publication, and as such, are subject in
the future to unforeseen risks and uncertainties that could cause the
Company's results of operations, performance and achievements to differ
materially from current expectations expressed in, or implied by, these
forward-looking statements. These risk and uncertainties include the
following: a decision by a customer to cancel a purchase order or supply
agreement in light of the Company's dependence on a limited number of key
customers; uncertain demand for, and acceptance of, the Company's
nanocrystalline materials; the Company's manufacturing capacity and product
mix flexibility in light of customer demand; the Company's limited
marketing experience; changes in development and distribution
relationships; the impact of competitive products and technologies; the
Company's dependence on patents and protection of proprietary information;
the resolution of litigation in which the Company may become involved; and
other risks described in the Company's Form 10Q filed May 9, 2006 and other
filings with the Securities and Exchange Commission. In addition, the
Company's forward-looking statements could be affected by general industry
and market conditions and growth rates. Except as required by federal
securities laws, the Company undertakes no obligation to update or revise
these forward-looking statements to reflect new events, uncertainties or
other contingencies.